It’s great to be Mediterranean
Or so goes the advertising slogan of Mediterranean Bank, which I’ve been hearing on the radio recently.
From the financial angle, this catchphrase is not the wisest that could have been chosen. Look at Greece, a bankrupt country without even a national consensus on how to pull itself out of the deepening hole. Spain, with unemployment hitting a negative record of 21.3% in the first quarter of this year. In the southern Med we have Libya, an economy shattered by exploding bombs and gunfire, and Egypt, where the cronyism of the Mubarak regime allowed for untold millions of dollars to be siphoned off from the economy. To the east, Syria‘s ruling elite of power-hungry money-mongers is imposing too bloody an exchange rate for the freedom of the inhabitants.
So, is it really that great to be Mediterranean?
